Egypt’s stock market benchmark index EGX30 tumbled again on Tuesday 2.76 percent to register 6,004 points, while broader index EGX70 slipped 1 percent.

Foreign investors were the only net sellers to the tune of LE25 million worth of shares.

Out of 156 stocks listed for the day, 95 declined and merely 25 went up in a session that witnessed a daily turnover of some LE431 million.

Commercial International Bank (CIB) fell 4.29 percent to close at LE32.99 per share.

Orascom Telecom Media and Technology (OTMT), which is owned by Egyptian business tycoon Naguib Sawiris, rose 1.79 percent to be traded at LE0.57 per share.

OTMT’s opportunity to acquire CIB’s subsidiary Ci Capital has grown after the subsidiary of the National Bank of Egypt withdrew its non-binding offer to buy it.

Telecom Egypt also gained 1.29 percent to register a price of LE6.26 per share.

Real estate developer Talaat Moustafa Group (TMG) plunged 2.58 percent to be traded at LE4.90 per share.